Mayo house prices up 14.2 percent in twelve months

The price of the average second-hand three-bed semi in County Mayo rose to €274,000 in 2025, up 14.2 percent from €240,000 at the end of 2024, according to a national survey by Real Estate Alliance. Across the county, the average time taken to sell this quarter was six weeks, the Q4 REA Average House Price Index shows. 

“There is an increase in landlords selling due to reaching retirement age, together with regulation perception,” said Robert McGreal of REA McGreal Burke.

“We are seeing good demand for well finished dwellings, with properties requiring work proving more difficult to sell.”

The survey shows that across the county this quarter, 40 percent of purchasers were first-time buyers, while a total of 30 percent of sales in the county were attributed to landlords leaving the market. Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 15pc price increases in comparison to comparable C-rated properties. 

The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide. A recent rise in landlords exiting the housing market is set to sharply increase in the first months of 2026, according to agents.

The impending nationwide rent pressure zone at the end of February has seen a 38 percent annual increase in landlord sales in many areas now included in the legislation. The actual selling price of a three-bed, semi-detached house across the country rose by 1.6 percent in the past three months to €359,417.

This represents an 8.7 percent overall rise annually, a gradual slowing from the 10.3 percent increase registered six months ago. Actual selling prices in Dublin city rose by 1.5 percent in the last three months, with the average three-bed semi in the capital’s postcode areas now selling at €586,000, an 8.1 percent annual rise.

Selling prices in Ireland’s major cities outside Dublin rose by 1.3 percent to an average of €373,750 – a 7.4 percent annual increase. Homes in the country’s large towns showed the biggest increases nationwide, 1.75 percent this quarter and 9.9 percent on last December to an average of €275,611 – with homes taking one week longer to reach sale agreed, at five weeks.

Prices in commuter counties rose by 1.6 percent to €373,513, and while supply continues to cause issues, there is an anticipation of further landlord sales across the area in the new year.

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